IMMO MONTOYER: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO MONTOYER
Largest movements
- Current investments +€4.5m
up €4.5m (+97.4%), from €4.6m to €9.1m
- Cash -€2.7m
down €2.7m (-69.5%), from €3.9m to €1.2m
mainly Current investments (-€4.5m) and Receivables within one year (-€1.6m)
- Receivables within one year +€1.6m
up €1.6m (+594%), from €275,532 to €1.9m
of which Trade receivables: +€1.6m
- Tangible fixed assets -€600,607
down €600,607 (-3.3%), from €18.0m to €17.4m
of which Land and buildings: -€625,842
- Trade debts +€1.7m
up €1.7m (+319%), from €528,480 to €2.2m
- Profit (loss) carried forward +€1.1m
up €1.1m (+7.7%), from €14.3m to €15.4m
- Services and other goods +€371,245
up €371,245 (+27.9%), from €1.3m to €1.7m
- Turnover +€199,315
up €199,315 (+4.5%), from €4.5m to €4.7m
- Other operating charges +€102,161
up €102,161 (+15.8%), from €647,083 to €749,244
- Taxes -€87,934
down €87,934 (-17.3%), from €509,290 to €421,356
- Financial income -€62,644
down €62,644 (-34.6%), from €180,821 to €118,177
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,858,590 | €29,682,679 | +€2.8m | +10.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €17,985,886 | €17,385,396 | -€600,490 | -3.3% |
| Intangible fixed assets | 21 | €6,832 | €6,949 | +€117 | +1.7% |
| Tangible fixed assets | 22/27 | €17,979,054 | €17,378,447 | -€600,607 | -3.3% |
| Land and buildings | 22 | €17,207,433 | €16,581,591 | -€625,842 | -3.6% |
| Plant, machinery and equipment | 23 | €735,833 | €751,613 | +€15,780 | +2.1% |
| Other tangible fixed assets | 26 | €35,788 | €45,243 | +€9,455 | +26.4% |
| Current assets | 29/58 | €8,872,704 | €12,297,283 | +€3.4m | +38.6% |
| Amounts receivable within one year | 40/41 | €275,532 | €1,913,538 | +€1.6m | +594% |
| Trade receivables | 40 | €145,508 | €1,772,038 | +€1.6m | +1,118% |
| Other amounts receivable | 41 | €130,024 | €141,500 | +€11,476 | +8.8% |
| Current investments | 50/53 | €4,622,393 | €9,122,392 | +€4.5m | +97.4% |
| Other investments | 51/53 | €4,622,393 | €9,122,392 | +€4.5m | +97.4% |
| Cash at bank and in hand | 54/58 | €3,910,001 | €1,193,003 | -€2.7m | -69.5% |
| Deferred charges and accrued income | 490/1 | €64,778 | €68,350 | +€3,572 | +5.5% |
| Total equity and liabilities | 10/49 | €26,858,590 | €29,682,679 | +€2.8m | +10.5% |
| Equity | 10/15 | €26,281,940 | €27,444,330 | +€1.2m | +4.4% |
| Contributions | 10/11 | €11,182,940 | €11,182,940 | = | 0.0% |
| Capital | 10 | €11,182,940 | €11,182,940 | = | 0.0% |
| Issued capital | 100 | €11,182,940 | €11,182,940 | = | 0.0% |
| Reserves | 13 | €756,495 | €814,614 | +€58,119 | +7.7% |
| Non-distributable reserves | 130/1 | €756,495 | €814,614 | +€58,119 | +7.7% |
| Legal reserve | 130 | €756,495 | €814,614 | +€58,119 | +7.7% |
| Profit (loss) carried forward | 14 | €14,342,505 | €15,446,776 | +€1.1m | +7.7% |
| Amounts payable | 17/49 | €576,650 | €2,238,349 | +€1.7m | +288% |
| Amounts payable within one year | 42/48 | €565,920 | €2,230,124 | +€1.7m | +294% |
| Trade debts | 44 | €528,480 | €2,213,562 | +€1.7m | +319% |
| Suppliers | 440/4 | €528,480 | €2,213,562 | +€1.7m | +319% |
| Taxes, remuneration and social security | 45 | €37,440 | €16,562 | -€20,878 | -55.8% |
| Taxes | 450/3 | €37,440 | €16,562 | -€20,878 | -55.8% |
| Accrued charges and deferred income | 492/3 | €10,730 | €8,225 | -€2,505 | -23.3% |
| Operating income | 70/76A | €4,490,437 | €4,690,952 | +€200,515 | +4.5% |
| Turnover | 70 | €4,474,599 | €4,673,914 | +€199,315 | +4.5% |
| Other operating income | 74 | €15,838 | €17,038 | +€1,200 | +7.6% |
| Operating charges | 60/66A | €2,710,983 | €3,224,955 | +€513,972 | +19.0% |
| Services and other goods | 61 | €1,331,969 | €1,703,214 | +€371,245 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €731,931 | €772,497 | +€40,566 | +5.5% |
| Other operating charges | 640/8 | €647,083 | €749,244 | +€102,161 | +15.8% |
| Operating profit (loss) | 9901 | €1,779,454 | €1,465,997 | -€313,457 | -17.6% |
| Financial income | 75/76B | €180,821 | €118,177 | -€62,644 | -34.6% |
| Recurring financial income | 75 | €180,821 | €118,177 | -€62,644 | -34.6% |
| Income from current assets | 751 | €180,821 | €118,177 | -€62,644 | -34.6% |
| Financial charges | 65/66B | €373 | €428 | +€55 | +14.7% |
| Recurring financial charges | 65 | €373 | €427 | +€54 | +14.5% |
| Other financial charges | 652/9 | €373 | €427 | +€54 | +14.5% |
| Non-recurring financial charges | 66B | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €1,959,902 | €1,583,746 | -€376,156 | -19.2% |
| Income taxes | 67/77 | €509,290 | €421,356 | -€87,934 | -17.3% |
| Taxes | 670/3 | €509,290 | €421,356 | -€87,934 | -17.3% |
| Profit (loss) for the period | 9904 | €1,450,612 | €1,162,390 | -€288,222 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,450,612 | €1,162,390 | -€288,222 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.